Idea  and Users Innovation

Idea and Users Innovation

University

17 Qs

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Idea  and Users Innovation

Idea and Users Innovation

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17 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What was the primary challenge faced by 3M that led to its adoption of open innovation?

Lack of innovative ideas within the company

Stagnating radical innovation and increasing time-to-market

Insufficient funding for research and development

Decline in market share due to intense competition

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a key strategy employed by 3M in its open innovation approach?

Exclusive focus on internal research and development

Strict adherence to a top-down innovation model

Collaborating with external partners, such as universities and startups

Limiting innovation efforts to core business areas

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the significance of aligning internal capabilities and business models with open innovation strategies?

It ensures that open innovation efforts are consistent with the company's overall goals

It reduces the risk of intellectual property theft

It eliminates the need for external partnerships

It simplifies the innovation process

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the main challenge addressed in the problem statement?

Developing a digital platform for e-commerce growth

Identifying a challenge that aligns with 3M`s goals and core capabilities

Enhancing customer experience through better marketing strategies

Launching new consumer products without market testing

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How can digital innovation platform serve 3M`s open innovation initiative?

By acting a central hub for idea shadring and collaboration

By providing a marketplace for 3M`s products

By automating all manufacturing processes

By reducing the cost of internal meetings

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Why are sustainable materials, energy efficiency, and healthcare solutions key focus areas for innovation?

They align with current trends and address global challenges

They are areas where 3M has limited expertise but significant market demand

They help reduce 3M`s dependency on digital technologies

They are easy to implement without requiring significant investment

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is NOT listed as a key element of Apple's approach to customer experience innovation?

Enhanced User Experience

Customer-Centered Design

Value Addition

Competitive Pricing

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